GHOST, the team behind the innovative GHOST native blockchain, today announced the successful launch of ghostDAO on the Hoodi Testnet. This marks the second testnet deployment for ghostDAO, following its initial presence on the Sepolia Testnet, bringing the project closer to its vision of seamless cross-chain transactions across all EVM chains.
ghostDAO is designed as a decentralized multi-chain reserve currency protocol, powered by the eGHST token. This protocol is built upon the robust GHOST native blockchain, which facilitates anonymous cross-chain transactions of GHST. Each eGHST token is intrinsically backed by a diversified basket of assets, including DAI and USDC, held within the ghostDAO treasury. This backing provides a strong fundamental value, ensuring the token cannot fall below its intrinsic worth.
“The launch of ghostDAO on the Hoodi Testnet is a significant milestone for the GHOST project,” said a spokesperson for GHOST. “It brings us one step closer to realizing our cross-chain arbitrage use case and solidifies ghostDAO’s position as a foundational element for interoperability and governance within the Web3 ecosystem.”
About GHOST Chain
GHOST Chain is a native blockchain focused on privacy and cross-chain capabilities. It serves as the underlying infrastructure for ghostDAO, enabling secure and anonymous transactions that power the broader GHOST ecosystem.
Learn more about ghostDAO: https://app.dao.ghostchain.io/#/dashboard
Learn more about GHOST Chain: https://chain.ghostchain.io/
